Story perspectives

Fed Officials Divided on Rate Cut Ahead of December Meeting

11/2/2025

37 5

Summary

Story summary

Three Federal Reserve officials disagreed with the quarter-point rate cut.
Jeffrey Schmid, president of the Federal Reserve Bank in Kansas City, preferred to hold rates.
Raphael Bostic, Atlanta Fed President, supported the cut, arguing the rate still restrains activity.
Jerome Powell, Fed Chair, cited divisions within the committee, inflation above target, and data challenges from a government shutdown, leaving December's meeting uncertain and expectations for further cuts lower.

1 of 1

Story summary

Three Federal Reserve officials disagreed with the quarter-point rate cut.
Jeffrey Schmid, president of the Federal Reserve Bank in Kansas City, preferred to hold rates.
Raphael Bostic, Atlanta Fed President, supported the cut, arguing the rate still restrains activity.
Jerome Powell, Fed Chair, cited divisions within the committee, inflation above target, and data challenges from a government shutdown, leaving December's meeting uncertain and expectations for further cuts lower.